New Delhi: Logistics service provider Shadowfax Technologies filed an updated papers with markets regulator Sebi to raise Rs 2,000 crore through an initial public offering (IPO).
The IPO comprises fresh issue of shares worth Rs 1,000 crore and an offer for sale (OFS) of Rs 1,000 crore by existing shareholders, according to the updated draft red herring prospectus (UDRHP) on Friday.
As a part of the OFS, Flipkart Internet, Eight Roads Investments Mauritius II Ltd, NewQuest Asia Fund IV (Singapore) Pte. Ltd, Nokia Growth Partners IV, L.P, International Finance Corporation, Mirae Asset ,Qualcomm Asia Pacific Pte. Ltd and Snapdeal founders -- Kunal Bahl and Rohit Kumar Bansal -- would offload shares.
The company proposes to utilise proceeds from the fresh issue towards funding enhancing cap

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